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All posts tagged Circuit of Wales

Circuit of Wales aerial rendering.

The Circuit of Wales has won the right to use common land it requires to build the multi-million pound track and motorsport centre. The Heads of the Valleys Development Company (HOTVDC) has confirmed that the required financing package is in place to support the project for the full amount and it has an exclusivity contract in place with the financial backers who are in the process of completing due diligence. Once these have been completed, the supporters of the project will be publicly announced and detailed construction timelines revealed.

After an extensive and robust eight-day Public Inquiry, sitting in March 2015, approval by the Deputy Minister for Farming and Food Rebecca Evans AM has permitted land previously designated as ‘common’ to be deregistered into private ownership. Throughout the Public Inquiry, Circuit of Wales presented detailed plans for substantial on and offsite mitigation highlighting the suitability of replacement land, which will lead to improved maintenance and ease of access.

Importantly, Planning Inspector Emyr Jones BSc (Hons) CEng NICE MCMI agreed stating in his report:

The likely out-turn of deregistration would be an overall enhancement of nature conservation interests[…]resulting in an overall nature conservation benefit as a result of the proposal as a whole.

Deputy Minister for Farming and Food Rebecca Evans commented:

For the reasons articulated in the report – both by the Inspector but also by other parties, I believe the socio-economic benefits that will result from the deregistration of the common land will be of significant public benefit to both the immediate area and beyond.

Michael Carrick, CEO of HOTVDC commented:

We would like to thank local councils, Welsh Assembly Members and the local community who have supported the project throughout the planning process up to this point. The Circuit of Wales has the ability to generate thousands of employment opportunities, attract greater long-term investment and deliver regeneration into Blaenau Gwent and South Wales.

Following the end of the judicial review period, and once construction and finance contracts have been finalised, on-site activity will commence.

Dorna Sports and Circuit of Wales sign historic MotoGP™ agreement

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Collaboration will begin in 2015 with next year’s Grand Prix, which could be staged at an alternative British venue.

 

The Circuit of Wales is set to host the British round of the FIM MotoGP™ World Championship until 2024 after agreeing a five-year contract with the option for a further five-year extension with the Championship’s commercial rights holders, Dorna Sports S.L.

The agreement will bring the British Motorcycle Grand Prix to the innovative new Circuit of Wales near Ebbw Vale. The development is a flagship for the regeneration of the Blaenau Gwent area in a project that includes a focus on youth employment, education, academy structures and an investment in motorsport, one of the UK’s key industrial sectors.

Michael Carrick, Chief Executive of the Circuit of Wales, said:

Our agreement with Dorna is a significant landmark in the development of the Circuit of Wales. MotoGP is the pinnacle of global motorcycle racing and expectations within the series and of its millions of fans worldwide are for a truly world class event at iconic and state-of-the art venues. We look forward to meeting those expectations when we welcome MotoGP to Wales from 2016 and we are now working closely with Dorna and the FIM, MotoGP’s governing body, with regard to the 2015 British round of the MotoGP World Championship.

Carmelo Ezpeleta, the Chief Executive Officer of Dorna Sport S.L., commented:

We are excited to be working closely with the Circuit of Wales after being involved with the project for more than four years. The commitment to MotoGP is obviously a catalyst to a wide range of exciting projects aimed at contributing to the regeneration of the area, while we work together with MotoGP governing body the FIM in relation to the full homologation of the circuit.

The commitment to youth, to employment opportunities for the area, to its academy plans – linked to our own FIM CEV Repsol series – and the general investment in motorsport infrastructure will ensure very exciting times are ahead for Blaenau Gwent and the surrounding areas.

The Circuit of Wales is a £315m project to develop a purpose-built ‘hub’ for the multi-billion pound British motorsport industry around a state-of-the art track, Britain’s first purpose-built motorcycle Grand Prix circuit, with unrivalled facilities for visiting fans. Sitting on the fringe of the picturesque Brecon Beacons, the Circuit of Wales will be a major catalyst for business, leisure and tourism as it spearheads the regeneration of the Blaenau Gwent region.

The first phase of the multi-purpose development will be the construction of an international specification motor racing circuit and world championship facilities, hotel, commercial and retail complexes. The facility is designed to host international motorsport events and will be a centre for motorsport-related industries.

Plans include a 3.5-mile track that takes advantage of the natural flow of the unique topography of the area, an indoor academy training facility, motocross, trials and enduro venues, an international kart circuit and driver training facilities, as well as a variety of leisure and cultural amenities.

The automotive park will be one of the world’s leading sustainable developments, targeting the growth of low-carbon industries and events. It will be a hub for research and development companies that are seeking to push the boundaries in environmental technology and energy solutions. The park will showcase the latest technologies that capture and generate energy for the facility.

The race academy and training facility to develop future Welsh and UK talent will work in unison with the motor racing circuit and with Dorna. Commercial, industrial and leisure developments will be at the heart of the project, providing opportunities for the growth of advanced engineering, technology, education and sustainable transport-related businesses.

Councillor Hedley McCarthy, the Leader of Blaenau Gwent County Borough Council, commented:

On behalf of the community in Blaenau Gwent, we are absolutely delighted that Dorna is bringing the British Motorcycle Grand Prix to the Circuit of Wales. The MotoGP series is an amazing championship that has provided a stimulant and confidence for the growth of infrastructure in a number of similar areas to ours around the world in recent years. We look forward to welcoming the teams, riders, officials, media and fans to Blaenau Gwent.

Dorna currently stages 18 MotoGP rounds annually across four continents, cumulatively drawing around three million fans to the trackside. TV coverage of MotoGP events extends to more than 200 countries and territories that receive live or same-day delayed broadcasts, reaching more than 337 million households worldwide on 60 networks.

Dorna has been involved in motorcycle sport since 1992 and in 2014 is organising five championships – including the Eni FIM Superbike World Championship – in a total of 53 events across 17 countries and over a ten-month period of competition within the calendar year.

More than 25 experienced external consultancy firms have been brought on board to advise on the design, planning, project management, costing, construction, marketing, financing and other elements of the development, including Arup and Davis Langdon. With Populous having worked on the masterplan.

Further information is available at: http://www.circuitofwales.com